Hold onto Ashok Leyland or Mahindra: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com

What about Ashok Leyland and IFCI?

Ashok Leyland has been a quite a good performer for very long term as well as this bull market and even during this downturn, it has not been hit so badly as so many others like for example Tata Motors is now looking at multi month lows. This one is relatively holding out. So if I were to hold an auto stock right now, it would be probably Ashok Leyland or Mahindra apart from the two wheelers. This is on a quite a good uptick. IFCI remarkably is running sideways. I say remarkably because when there are deep market declines, the stock tends to fall at all. So perhaps the rumours or something maybe there is some good news in the offing. Any stocks staying sideways in this decline is to be looked at with interest once the market bottoms out.